PSX News and Press, Phillips 66 From 04/25/22

Valero (NYSE:VLO) is set to report Q1 earnings ahead of the market open Tuesday; analysts are expecting $1.64 in earnings per share from the company during Q1. However, EPS estimates for Q2 have risen from $2.50 only three weeks ago, to $3.20 currently. Wall Street analyst Paul Sankey of...

An announcement that Amazon is opening its logistics and last-mile delivery to eCommerce outside of their fulfillment seems to have gone unnoticed. Amazon starts slow, and adds on more services. Bezos' Maxim "Your margin is my opportunity".  Fedex and UPS will have a new and impl...

The American Petroleum Institute has drafted a proposal urging Congress to adopt a carbon tax, although some members of the biggest U.S. oil industry trade group want to delay action until after the midterm elections, fearing it could alienate Republican lawmakers, the Wall Street Journal rep...

Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Check out Saturday morning's regular Stocks to Watch article for a full list of events planned for the week or the Seeking Alpha earnings calendar for companies due to report. Mond...

Marathon Petroleum, the largest refiner in the United States, will certainly be a beneficiary of the current macro environment. The relatively low price of domestic natural gas is a competitive advantage as compared to foreign refiners - especially those in Europe. Sanctions on Ru...

Morgan Stanley lifted its oil price forecast Friday, as the bank sees additional Russian supply impacts from May onward, and a coin-flip chance the Iran deal falls through (NYSEARCA:USO). The bank cut its oil demand growth forecast, though indicated that "as the year unfolds, we expect refine...

Valero's (NYSE:VLO) trading division was the largest buyer of crude oil in the second sale from the U.S. Strategic Petroleum Reserve that was part of the Biden administration's attempt to combat rising energy prices after Russia invaded Ukraine. The Department of Energy said Thursday it award...

Phillips 66 (NYSE: PSX) announced today that, in connection with the previously announced offers to exchange (collectively, the “Exchange Offers”) any and all validly tendered (and not validly withdrawn) and accepted notes of the seven series of notes described in the tabl...

In a post on its website earlier Tuesday, Total (TTE) provided investors with Q1 pricing and margin indicators; gas trading and refining margins stood out. Exxon (XOM) provided an 8k to the market in early April, indicating refining profits would likely fall quarter on quarter; conversely, Sh...

Valero Energy (NYSE:VLO) topped all energy-related stocks on the S&P 500 Monday, followed closely by Phillips 66 (PSX), both up 5.2%, as WTI crude oil climbed 1.2% to its best level since March 30. Other oil refiners also closed with big gains, including (PBF) +9.1%, (CVI) +7.9%...